Staffing Metrics Are Increasingly Used Because ________

question 29

Multiple Choice

Staffing metrics are increasingly used because ________.

• A) they demonstrate substantial returns in their own right
• B) they are readily communicated across the organization
• C) they are mandated by the Full Data Reporting in Employment Act
• D) they are seen as a method to move staffing into the accounting function

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Definitions:

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.

Opportunity Cost

The cost of foregone alternatives when a decision is made, representing the benefits that could have been gained by choosing the next best alternative.

Labor-intensive

Refers to a type of industry or process that requires a large amount of human labor to produce goods or services, as opposed to being heavily automated.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than its competitors.